Entergy: Q2 Earnings Snapshot

NEW ORLEANS (AP) — NEW ORLEANS (AP) — Entergy Corp. (ETR) on Thursday reported second-quarter profit of $48.9 million.

On a per-share basis, the New Orleans-based company said it had profit of 23 cents. Earnings, adjusted for non-recurring costs, were $1.92 per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.77 per share.

The power company posted revenue of $2.95 billion in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $2.98 billion.

Entergy expects full-year earnings in the range of $7.05 to $7.35 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ETR at https://www.zacks.com/ap/ETR